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Sunday, May 13, 2007

One Farm Play That Got Away

I have been watching fertilizer producer Terra Nitrogren LP (TNH) for over a month. I continue to tell myself that this stock is overbought and I should wait for a pullback. Since that time the stock has run from $60 to $95. This stock has gone up virtually in a straight line since September 2006. I wanted to at least mention TNH as a good momentum agricultural stock. TNH is too rich for me right here. For those who are not risk averse then I would recommend taking a look at TNH. Otherwise I personally prefer Scotts Miracle Grow (SMG) or Potash Corp. (POT) as less volatile plays.